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Quarterly Portfolio Disclosure

Money Market Funds

Renaissance Money Market Fund Renaissance U.S. Money Market Fund

Fixed Income Funds

Renaissance Short-Term Income Fund Renaissance Canadian Bond Fund Renaissance Real Return Bond Fund Renaissance Corporate Bond Fund Renaissance U.S. Dollar Corporate Bond Fund Renaissance High-Yield Bond Fund Renaissance Floating Rate Income Fund Renaissance Flexible Yield Fund Renaissance Global Bond Fund CIBC 2025 Investment Grade Bond Fund CIBC 2026 Investment Grade Bond Fund CIBC 2027 Investment Grade Bond Fund

Balanced Funds

Renaissance Canadian Balanced Fund Renaissance U.S. Dollar Diversified Income Fund Renaissance Optimal Conservative Income Portfolio Renaissance Optimal Income Portfolio Renaissance Optimal Growth & Income Portfolio CIBC Global Growth Balanced Fund

Equity Income Funds

Renaissance Canadian Dividend Fund Renaissance Canadian Monthly Income Fund Renaissance Diversified Income Fund Renaissance High Income Fund Renaissance Canadian Core Value Fund Renaissance Canadian Growth Fund Renaissance Canadian All-Cap Equity Fund Renaissance Canadian Small-Cap Fund

U.S. Equity Fund

Renaissance U.S. Equity Income Fund Renaissance U.S. Equity Value Fund Renaissance U.S. Equity Growth Fund Renaissance U.S. Equity Growth Currency Neutral Fund Renaissance U.S. Equity Fund

Global Equity Funds

Renaissance International Dividend Fund Renaissance International Equity Fund Renaissance International Equity Currency Neutral Fund Renaissance Global Markets Fund Renaissance Optimal Global Equity Portfolio Renaissance Global Growth Fund Renaissance Global Growth Currency Neutral Fund Renaissance Global Focus Fund Renaissance Global Small-Cap Fund Renaissance China Plus Fund Renaissance Emerging Markets Fund

Speciality Funds

Renaissance Optimal Inflation Opportunities Portfolio Renaissance Global Infrastructure Fund Renaissance Global Infrastructure Currency Neutral Fund Renaissance Global Real Estate Fund Renaissance Global Real Estate Currency Neutral Fund Renaissance Global Health Care Fund Renaissance Global Science & Technology Fund

Axiom Balanced Income Portfolio Axiom Diversified Monthly Income Portfolio Axiom Balanced Growth Portfolio Axiom Long-Term Growth Portfolio Axiom Canadian Growth Portfolio Axiom Global Growth Portfolio Axiom Foreign Growth Portfolio Axiom All Equity Portfolio

Fixed Income Private Pool

CIBC Ultra Short-Term Income Private Pool CIBC Canadian Fixed Income Private Pool CIBC Multi-Sector Fixed Income Private Pool CIBC Global Bond Private Pool

Balanced Private Pools

CIBC Multi-Asset Global Balanced Income Private Pool CIBC Multi-Asset Global Balanced Private Pool

Equity Income Private Pool

CIBC Equity Income Private Pool

Canadian Equity Private Pool

CIBC Canadian Equity Private Pool

US Equity Private Pools

CIBC U.S. Equity Private Pool CIBC U.S. Equity Currency Neutral Private Pool

Global Equity Private Pools

CIBC International Equity Private Pool CIBC Global Equity Private Pool CIBC Emerging Markets Equity Private Pool

Speciality Private Pool

CIBC Real Assets Private Pool

CIBC Multi-Asset Absolute Return Strategy CIBC Alternative Credit Strategy

CIBC Conservative Fixed Income Pool CIBC Core Fixed Income Pool CIBC Core Plus Fixed Income Pool

CIBC Diversified Fixed Income Fund CIBC Emerging Markets Local Currency Bond Fund CIBC Global Credit Fund

This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. To obtain a copy of the simplified prospectus, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor.

Any information or discussion about the current characteristics of this mutual fund or how the portfolio manager is managing the mutual fund that is supplementary to information in the prospectus is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice.

Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.

Past performance may not be repeated and is not indicative of future results.

The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.